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Sat June 19 2021

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European construction recovery wobbles

21 Nov 13 European construction output fell by 1.3% in September compared with August according to first estimates from Eurostat, the statistical office of the European Union.

The 1.3% fall was the same across both the Eurozone (EA17) and across the wider EU (EU28). In August 2012, production in construction had risen by 0.3% and 0.2% respectively.

September’s figures for the Eurozone also showed a fall compared with September 2012, with output declining by 0.2% in the Eurozone. There was, however, a slight annual increase of 0.2% in the EU28, with a 4.9% rise in the UK contributing to this.

Among the Member States with available for September 2013, production in construction fell in nine and rose in six compared to August. The largest decreases were observed in Portugal (-12.3%), Romania (-6.9%) and the Czech Republic (-4.6%), and the highest increases in Slovenia (+6.2%), Slovakia (+1.6%) and Hungary (+0.8%). Building construction fell by 1.2% in the Euro area and by 1.1% in the EU28, after -0.2% in both zones in August 2013. Civil engineering decreased by 1.2% in the Euro area and by 2.6% in the EU28, after +0.8% and +0.7% respectively in the previous month.

In terms of the annual comparison, production in construction fell in nine of the countries with data available, remained stable in Slovakia and rose in five. The largest decreases were registered in Portugal (-14.9%), the Czech Republic (-11.8%), Slovenia (-7.9%) and Italy (-6.1%), and the highest increases in Hungary (+9.3%), Spain (+6.1%) and the United Kingdom (+4.9%).

Building construction dropped by 0.1% in the Euro area and increased by 1.1% in the EU28, after -1.1% and +0.7% respectively in August 2013. Civil engineering fell by 0.9% in the Euro area and by 3.8% in the EU28, after -2.2% and -3.7% respectively in the previous month.

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